“Naftogaz” signed a loan agreement for $ 500 million

“Naftogaz of Ukraine” signed an agreement on attracting credit lines under the guarantee of the world Bank for the purchase of gas, the amount of the guarantee amounted to $ 500 million, reported RIA Novosti with reference to the press service of the energy company.


“The credit line provided by a guarantee of the world Bank, which in turn provided a state guarantee in the framework of the additional energy of formation of the Fund,” – said in a statement.


Loan agreement signed with banks, Citi and Deutsche. The credit line will last for four years, two of which will be spent on the injection of fuel and two to repay the loan. According to the world Bank allocated loan funds of the company shall be sufficient for two years, including the heating season.

Photo: Danil Shamkin / ZUMAPRESS / Globallookpress